Setting the right percentage is a balancing act.
When designing a franchise, it is tempting to set high royaltiesto generate maximum income from franchisees. However, settingroyalties is a balancing act. You want a fair financial return, butif you set royalties too high, the financial burden may meanfranchisees can't compete with other businesses. If thathappens, you will wind up with less in the end.
Excerpted from Grow Your Business
This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce's needs and preferences.
The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.
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